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Risk: Strengthening business resilience after COVID-19

Despite that they had invested in comprehensive crisis management planning, the spread of COVID-19 found many companies ill-prepared, even though it was a known risk with extreme consequences and a reasonable likelihood of occurring. Looking at the evidence, the authors consider the underlying...

Financial services: Banking on change – Transformation or...

Prior to COVID-19, banking was already under pressure from technology-enabled disruption, greater regulation and an ultra-low-interest-rate environment. The pandemic accelerates these trends, increasing the need for transformative change. How can banks achieve this? This article outlines the three...

Telecoms: Leveraging adversity to leapfrog into the future

The telecoms industry has been able to weather the COVID-19 storm better than many sectors, and has even increased its importance for communicating in a locked-down, socially distanced world. What will be the longer-term impacts for different parts of the sector? This article examines the current...

Automotive: Accelerating disruption through creative...

Thanks to the rise of electric vehicles, digital and new ownership models, the automotive market was already facing unprecedented disruption. As this article explains, the impact of COVID-19 on newcar sales accelerates the need for radical change – now is the time to turbocharge transformation...

Petroleum: Surviving in the post-COVID-19 era

The pandemic has created a perfect storm for the global petroleum industry, combining oversupply with a dramatic fall in demand – all at a time when ongoing requirements to decarbonize economies are gathering pace. We look at potential scenarios for the future, analyzing the impact on different...

Chemicals: The old normal or the new normal?

Given its central position to the global economy, the chemical sector has felt the full force of COVID-19, though some players have suffered more than others. We analyze who the winners and losers currently are, and focus on the steps that all chemical companies need to take now to seize future...

Pharma: Strategic realignment for a better future

Amid the search for effective COVID-19 treatments and vaccines, the pandemic will have long-term side effects for the global pharmaceutical industry. As our article explains, companies will need to focus on change in three areas (portfolio reprioritization, accelerated R&D and technology...

The Company of Tomorrow

The COVID-19 crisis hit the world as this edition of Prism was in preparation. Needless to say, the outlook for business, at least in the short term, has changed radically in just a few weeks. Nevertheless, it’s becoming increasingly clear that one effect of the crisis has been acceleration of...

How to enable the company of tomorrow

Businesses have traditionally organized themselves to ensure optimal effectiveness in each of their business functions. However, shorter product lifecycles, demand for customization, rising consumer expectations, and the growth of automation and data challenge this model. This article explains how...
Strategy

The laboratory of the future

Industrial research and development has been transformed by factors such as globalization, specialization and open innovation. To meet growing challenges, R&D needs to change again to create the laboratory of the future, which will focus on putting people at the heart of innovation. We explore...
Technology & innovation management